Fiscal Year (FY) - 12 Month Accounting and Reporting Period
What is a Fiscal Year (FY)? A Fiscal Year (FY), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. These three core statements are and reports.
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